GLOBALIZATION AND HUMAN DEVELOPMENT Flashcards
the process of interaction and integration among people, companies, and governments worldwide
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale
Globalization
concept of development that has to do with creation and improvement of living conditions where people get they need for good
Human Development
improvement of living conditions where people can
- develop their full potential
- have a long and healthy life
- have access to the appropriate education system
- develop their potential to the most comprehensive
- be productive to have the opportunity to live according to their needs and interest
worsens income inequality. It has made the rich more productive while making the poor poorer
Globalization
There is a strong relationship between globalization and human development. True or false?
True
Globalization involves what?
Economy, Data, Goods and Services, and Technology
Factors in Globalization
a. Removal of cross-border trade barriers
b. Advances in transportation and communication technology
c. The rise of the Internet and mobile phones
How could barriers be factors in globalization?
delivery takes too long, shipping cost are too high, don’t have enough trust in online retailers
How could transportation and communication be a factor in globalization?
Transportation: use of various courier, cargo, aviation. Communication technology: smartphones/devices, internet applications
How could the rise of the Internet and mobile phones be a factor in globalization?
Use of mobile apps and social media platforms in marketing, online selling, monitoring of products, etc.
Aspects of Globalization
Trade and Transactions, Capital and Investment, Migration and Movement of People, and Dissemination of Knowledge
share of primary commodities in world exports—such as food and raw materials—that are often produced by the poorest countries.
Trade and Transactions
Foreign investments, and bank credits (due to financial crises).
Capital and Investment
Workers move from one country to another partly to find better employment opportunities.
Migration and Movement of People
Information exchange through collaborations and networking. Foreign investment that
brings technical innovation
Dissemination of Knowledge
When did globalization begin?
60,000 years ago
How did globalization begin?
a. Human societies exchanging trades
b. Different civilizations have developed commercial trade routes and experienced cultural exchanges
c. through military conquests and exploration expeditions
d. technological advances in transportation and communication.
Areas of Globalization
Economic globalization, Cultural globalization, Political globalization, Sociological globalization, and Technological globalization
Development of trade systems within transnational actors such as corporations or NGOs.
Economic globalization
Interpenetration of cultures which, as a consequence, means nations adopt principles, beliefs, and costumes of other nations, losing their unique culture to a unique, globalized supra-culture
Cultural globalization
The growing influence of international organizations (e.g. U.N.)
Political globalization
People move all the time too, mixing and integrating different societies.
Sociological globalization
Millions of people are interconnected thanks to the power of the digital world via platforms such as Facebook, Instagram, Skype or YouTube.
Technological globalization
